Argentina Warns U.S. Diplomat Over Remarks to Local Newspaper

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Taos Turner BUENOS AIRES--Argentina's government scolded a U.S. diplomat on Tuesday for remarks he made about the country's recent default, implying he could be expelled if he makes similar comments again. Argentine Foreign Minister Héctor Timerman called for a ...

China's PBOC Injects $81 Billion Into Top Banks

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

BEIJING--China's central bank is injecting 500 billion yuan ($81 billion) into the country's five major state-owned banks as it moves to counter a worse-than-expected slowdown in the world's No. 2 economy, according to a senior Chinese banking executive. The size ...

S&P Downgrades Venezuela on Worsening Economy -- Update

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Chelsey Dulaney and Kejal Vyas Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing President Nicolás Maduro's failure to take steps to combat rising inflation and a deepening economic crisis. S&P; downgraded ...

Argentine Peso Hits Record Lows

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Ken Parks BUENOS AIRES--The Argentine peso hit record lows against the U.S. dollar in black market trading Tuesday after the central bank reported the biggest one-day drop in its international reserves since the government defaulted on some of its ...

New Zealand's Current Account Back in The Red

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand's current account balance swung to a deficit in the second quarter as the value of goods exports fell over a range of commodities, led by dairy. The current account deficit totaled 1.1 billion ...

Dollar Tad Higher Against Yen, Euro Ahead of Fed Outcome

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Hiroyuki Kachi The dollar was a tad higher against the yen and the euro in Asia trade Wednesday, with investors largely taking a wait-and-see stance ahead of a closely watched Federal Reserve policy meeting outcome. As of 0450 GMT, ...

Fed Dims Emerging Markets' Allure

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Nicole Hong And Matt Day Fears of higher U.S. interest rates are prompting fund managers to cut back on investments in emerging markets. For now, investors still are moving into developing markets, though the pace has moderated. Emerging-market stocks ...

Boston Properties to Sell Stakes in 3 Buildings

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

Boston Properties Inc. (BXP) agreed to sell a 45% interest in three buildings in New York City and Boston to affiliates of Norway's sovereign-wealth fund for $1.5 billion. The deal with Norges Bank Investment Management involves stakes in 601 Lexington ...

PBOC Agrees to Currency Swap With Sri Lanka

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

BEIJING--China's central bank signed a 10 billion yuan ($1.6 billion) currency-swap agreement with its Sri Lankan counterpart, another effort to expand international use of the yuan. The deal, signed by the two central bank governors Tuesday, will be effective for ...

Boston Properties to Sell Stakes in 3 Buildings to Norway Fund

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By George Stahl Boston Properties Inc. (BXP) agreed to sell a 45% interest in three buildings in New York City and Boston to affiliates of Norway's sovereign-wealth fund for $1.5 billion. The deal with Norges Bank Investment Management involves stakes ...

S&P Downgrades Venezuela

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing President Nicolás Maduro's failure to take steps to combat rising inflation and a deepening economic crisis. S&P; downgraded Venezuela's rating from B-minus to triple-C-plus. ...

Standard & Poor's Downgrades Venezuela on Worsening Economy

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Chelsey Dulaney Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing the government's failure to take steps to combat the country's rising inflation and deepening economic crisis. S&P; cut Venezuela's rating from ...

Singapore August Non-Oil Exports Rise 6.0% on Year

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's key non-oil domestic exports rose faster-than-expected in August due to a boost from petrochemicals and the highly volatile pharmaceuticals segments. Exports of goods made in Singapore rose 6.0% in August compared with a year earlier, after ...

Argentina Budget Bill Puts 2015 Growth at 2.8% -- Update

TODAY: Sept. 17, 2014 PUB DATE: Sept. 16, 2014

By Ken Parks BUENOS AIRES--The Argentine government submitted its 2015 budget bill to Congress on Monday, forecasting an economic rebound of 2.8% following growth of just 0.5% this year. "We expect a year in which international trade rebounds," Economy Minister ...

China Foreign Direct Investment at Four-Year Low -- Update

TODAY: Sept. 17, 2014 PUB DATE: Sept. 16, 2014

BEIJING--China's foreign direct investment fell in August to its lowest level in more than four years, in the latest sign of slowing growth in China and an increasingly cautious outlook from foreign business. While foreign-investment figures tend to fluctuate, the ...

Eurozone Wage Growth Picks Up in Second Quarter

TODAY: Sept. 17, 2014 PUB DATE: Sept. 16, 2014

Wage growth across the 18 countries that share the euro picked up in the three months to June, as did total labor costs, both signs that inflationary pressures in the eurozone may be set to pick up. Figures also released ...

Russia May Tap Rainy Day Fund Soon

TODAY: Sept. 17, 2014 PUB DATE: Sept. 16, 2014

MOSCOW--Russia may tap its reserve fund next year for the first time in six years as the country faces increasing capital flight and decreasing oil prices, a finance ministry official said Tuesday. Russia's flagging economic growth and stubbornly high inflation ...